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Business, 24.04.2020 17:33 DianaAmaroxoxo4319

Two firms produce homogeneous goods with constant marginal costs c = 2. The market demand in each period is P(Q) =10 - Q where Q is output. (a) Compute Cournot (quantity competition) profits in this market (for which you need to compute output and prices, of course).(b) Compute the monopoly profit in this market. That is, what a firm with the same cost function would make if it were the only one in the market (and what a cartel of the two

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Two firms produce homogeneous goods with constant marginal costs c = 2. The market demand in each pe...
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